Increasing connectivity to trading platforms is the most urgent priority facing the buy-side over the next 12 months with regards to fixed income trading, according to theTRADEnews.com’s June poll.
New research from research and consulting business TABB Group says the pace on innovation among alternative trading systems is befuddling US market participants.
Initiatives such as the planned buy-side only block crossing pool mooted by US giant Fidelity Investments earlier this month reflect the desire of asset managers to make good on their fiduciary responsibility to end-investors, according to Kevin McPartland, principal, market structure and technology at research firm Greenwich Associates.
A report from consultancy Celent on swap execution facilities has shown credit products are dominated by one venue, while liquidity in rates instruments remains tightly held by inter-dealer brokers.
Hong Kong Exchanges and Clearing Limited has released its annual cash market transaction survey. It shows year-on-year increases in the value of all types of trading in its securities market.
Citi and JP Morgan have joined ParFX, the wholesale spot FX electronic trading platform launched in April 2013 by inter-dealer broker Tradition.
Despite months of lead time, many US asset managers will next week execute their first swap execution facility trades when mandatory trading begins, although the key test for buy-side firms will be the transition to central limit order book trading, a New York conference heard yesterday.
The European Commission and the Commodity Futures Trading Commission (CFTC) have agreed a deal that allows European OTC derivatives trading venues exemption from US regulations until equivalent European rules come into force.
Changes in the structure of the interest rate derivatives market will open up the field to new entrants such as KCG, while margin costs will gradually lead to the ‘futurisation’ of the market, according to Isaac Chang, the firm’s global head of fixed income.
The Monetary Authority of Singapore and Singapore Exchange have proposed improvements to the local equity trading environment, aiming to improve the country’s equity trading business.